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Mandolina Mandolina
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7 years ago
One reason that consumers choose to buy more of a product at a lower price than at a higher price is because the product becomes more attractive relative to other items serving the same function. This is called
A) the substitution effect.
B) the price effect.
C) the income effect.
D) the normal good effect.
E) the Adam Smith effect.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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Mandolina Author
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7 years ago
YOU SAVED MY LIFE AND MY GRADE!

Thank you!
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